Deficit fatigue has set in as large scale deficit spending has become politically unacceptable. Austerity is now in. This has caused a recession throughout Europe and weakened the US. To counteract this fiscal retrenchment, monetary authorities are 'printing' as much money as they can reasonably get away with. QE is the policy choice du jour and Omid Malekan has a colorful take on what it means.
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Original Page: http://www.creditwritedowns.com/2012/02/quantitative-easing-revisited.html
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